Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Focus Wealth Management warns markets show late-stage bubble characteristics with half the S&P 500 at 10x price-to-sales requiring impossible returns. While AI is genuinely revolutionary, hyperscaler economics are unattractive and three-quarters of U.S. growth depends on this spending. The manager avoids the mania, buying quality businesses left behind like WSP Global and Abbott Laboratories, maintaining discipline and dry powder for inevitable volatility.
Full Quick Take
Focus Wealth Management warns markets show late-stage bubble characteristics with half the S&P 500 at 10x price-to-sales requiring impossible returns. While AI is genuinely revolutionary, hyperscaler economics are unattractive and three-quarters of U.S. growth depends on this spending. The manager avoids the mania, buying quality businesses left behind like WSP Global and Abbott Laboratories, maintaining discipline and dry powder for inevitable volatility.
Jemekk Hedge Fund posted a positive 5.51% in Q3 2025 (15.80% YTD), trailing benchmarks due to defensive hedging, but remains constructive on select Canadian financials, gold, and resilient consumer cyclicals.
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Jemekk Hedge Fund posted a positive 5.51% in Q3 2025 (15.80% YTD), trailing benchmarks due to defensive hedging, but remains constructive on select Canadian financials, gold, and resilient consumer cyclicals.
